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 Replies: 61 / Views: 8,908 |
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Bedrock of the Community
13014 Posts |
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The coin in question is a medieval which, if authentic, sells at auction in the $500 range. If I am serious about bidding, I figure spending about 1% of that for an opinion on authenticity is a reasonable investment. Which proved my earlier point. You aren't getting their grading room opinions and the more niche it is the fewer real graders there are for that area, but the false sense of confidence will emerge if they say likely real |
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Pillar of the Community
United States
1005 Posts |
If the office worker NGC assigned to this doesn't know, then they'll make a throwaway account on CCF and post it here to get a more reliable opinion.
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Pillar of the Community
 United States
7955 Posts |
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It is worth spending $5.00 to see what happens.  Yeah, I go to the movies for twice the price and get less entertainment value Quote:
If the office worker NGC assigned to this doesn't know, then they'll make a throwaway account on CCF and post it here to get a more reliable opinion But I know the coin, and I'm active on the only forums where it would show up, and they have 48 hrs. Sounds like a real "gotcha." Quote:
You aren't getting their grading room opinions and the more niche it is the fewer real graders there are for that area, but the false sense of confidence will emerge if they say likely real @baseball, I think we're more together than apart on this issue. It's like in the medical world where they talk with patients about the risks to a patient of a "false positive" or a "false negative" from a test. Edited by tdziemia
07/15/2019 9:57 pm
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Bedrock of the Community
United States
17884 Posts |
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Under the proposed service you could get a result of Likely Genuine, Likely Uncirculated. The buyer (as I mentioned above) likely feeling the coin was in the middle to high end of the grade range, decides to send it in to be slabbed by NGC. The coin comes back in a body bag for details/cleaned. However, under this circumstance NGC would still be correct given the parameters of the evaluation service previously provided. And since there is no guarantee on the ebay opinion all you get is a details cleaned slabbed coin at the regular submission cost. (yes they discount the submission by the price of the opinion service, but you total out of pocket is the same as if you just bought it without the opinion and submitted it.) Quote:
What about offering an opinion on whether or not the coin is cleaned? Isn't that one of the most difficult determinations on a raw coin for most collectors/buyers? Do you think it is any easier for NGC from poor quality ebay photos? And once again no guarantees so if they get it wrong, Oops sorry about that, no refunds. |
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Bedrock of the Community
13014 Posts |
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. It's like in the medical world where they talk with patients about the risks to a patient of a "false positive" or a "false negative" from a test. A medical world analogy would be if the front desk secretary discussed the risks with you as opposed to the surgeon. In one case you can get just as good if not better information from google in the other you actually have someone trained who would be considered an expert. Surgeons don't waste their time scheduling appointments, same thing applies here. |
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Valued Member
United States
309 Posts |
Gary,
You're proving my point.
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Pillar of the Community
United States
7955 Posts |
So, NGC beat their deadline by 24 hours. I received the result about 2 hours ago: Dear -----,
An NGC expert has reviewed your request for this listing:
Fine Silver Denier Henry I, Duke of Brabant circa 1190 - 1235 AD (M156)
ebay Item Number: 323857540299
RESULTS:
Authenticity Opinion: Likely Not GenuineMy own observations were that the banner on the obverse of this coin is about half the length of catalog examples and other recent examples sold at auction, and the placement of the staff in relation to the lamb's body also is incorrect. Finally on the reverse, I have not seen examples with annulets in all four angles of the cross. https://www.numisbids.com/n.php?p=l...=525&lot=693I will not be surprised to see this coin get very active bidding. I'm pleased with the entertainment value of my $5 investment. And now everyone can see the result. Edited by tdziemia
07/16/2019 6:16 pm
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Pillar of the Community
Canada
3733 Posts |
so I guess we shall see if the item gets pulled now..
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Pillar of the Community
United States
7955 Posts |
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From the discussion upthread, I don't understand why anyone would expect that.
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Pillar of the Community
United States
1005 Posts |
It's been pulled. An expensive yet effective way to report fake coins on ebay |
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Pillar of the Community
United States
7955 Posts |
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It's been pulled. An expensive yet effective way to report fake coins on eBay ... and from an earlier post ... Quote:I know for a fact that NGC has been actively reporting fakes to the same contact I have for years. Those reports are usually removed within minutes. So it's easy peasy for them to have someone pay for the service, they determine it's fake, report it to ebay in seconds, and in a few minutes it's gone. SOunds like this is how it's working, as the item was pulled within a couple of hours of receiving their answer. It would be nice if NGC were more transparent about that aspect. |
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Pillar of the Community
United States
1375 Posts |
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SOunds like this is how it's working, as the item was pulled within a couple of hours of receiving their answer. It would be nice if NGC were more transparent about that aspect.  It would also be nice if ebay indicated in their Stamps, currency, and coins policy that they would de-list any coin that NGC deemed to be "Likely Not Genuine" as that hopefully would deter such listings  |
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Pillar of the Community
United States
7955 Posts |
Agree. From my viewpoint, the pulling of "likely not genuine" examples by ebay makes the program even better to my way of thinking. Sure, it means somebody has to pony up $5 to get the process started, but then the collector community benefits by sketchy listings being removed. I realize the number of times this will happen is very small relative to the total amount of fake stuff out there. But I continue to see it as win-win-win at least on the authenticity review. |
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Bedrock of the Community
United States
17884 Posts |
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If the office worker NGC assigned to this doesn't know, then they'll make a throwaway account on CCF and post it here to get a more reliable opinion. Or just say no opinion and forgo the $5. |
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Pillar of the Community
United States
7955 Posts |
We now have one data point which didn't look anything like that  |
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Replies: 61 / Views: 8,908 |
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Posted 07/15/2019 9:17 pm
